Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/199069
Authors: 
Potrafke, Niklas
Year of Publication: 
2019
Series/Report no.: 
ifo Working Paper 295
Abstract: 
Using the new macro data on risk aversion and patience by Falk et al. (2018), I show that risk aversion and patience are related to intelligence: high-IQ populations are more patient and more risk averse than low-IQ populations. The correlation between patience and intelligence corroborates previous results based on micro data. Intelligent people tend to be patient because they have long time horizons. The correlation between risk aversion and intelligence supports new micro data studies based on dynamically optimized sequential experimentation (Chapman et al. 2018).
Subjects: 
Risk aversion
patience
intelligence
JEL: 
D00
D81
D90
Document Type: 
Working Paper

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